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Weekly CFO Sells Highlight: AN, CATM, AKRX, NNN, FTNT

August 28, 2011 | About:

According to GuruFocus Insider Data, the largest CFO sells during the past week were: AutoNation Inc, Cardtronics Inc, Akorn Inc, and National Retail Properties

AutoNation Inc. (NYSE:AN): EVP and CFO Michael J Short Sold 50,000 Shares

EVP and CFO of AutoNation Inc. (NYSE:AN) Michael J Short sold 50,000 shares on 08/25/2011 at an average price of $39.14. AutoNation, Inc. is the one of the largest automotive retailers in the United States. Autonation Inc. has a market cap of $5.75 billion; its shares were traded at around $39 with a P/E ratio of 21.7 and P/S ratio of 0.5. Autonation Inc. had an annual average earnings growth of 3.9% over the past 10 years.

For its second quarter 2011, AutoNation Inc. reported net income of $71.9 compared to $47.2 million prior year quarter. Revenue rose 7.5% from last year to $3.34 billion.

Chairman and CEO Michael J Jackson sold 52,000 shares of AN stock on 08/24/2011 at the average price of 38.57. EVP and CFO Michael J Short sold 50,000 shares of AN stock on 08/25/2011 at the average price of 39.14. Michael J Short owns at least 1,563 shares after this. The price of the stock has decreased by 0.36% since. EVP, Gen Counsel & Secretary Jonathan P Ferrando sold 65,000 shares of AN stock on 08/24/2011 at the average price of 38.02.

Cardtronics Inc. (NASDAQ:CATM): CFO J Chris Brewster Sold 31,700 Shares

CFO of Cardtronics Inc. (NASDAQ:CATM) J Chris Brewster sold 31,700 shares on 08/24/2011 at an average price of $23.08. Headquartered in Houston, Texas, Cardtronics is the world's largest owner/operator of ATMs with approximately 31,600 ATMs including approximately 2,000 ATMs in the U. Cardtronics Inc. has a market cap of $1.05 billion; its shares were traded at around $23.6 with a P/E ratio of 24.3 and P/S ratio of 1.9.

For its first quarter 2011, Cardtronics Inc. reported consolidated revenues of $138 million and GAAP net income of $6.5 million. This compares to $127.7 million and $4.2 million respectively, prior year quarter. Gross margin also rose to 32.5%.

CFO J Chris Brewster sold 31,700 shares of CATM stock on 08/24/2011 at the average price of 23.08. J Chris Brewster owns at least 199,261 shares after this. The price of the stock has increased by 2.25% since. Chief Information Officer Gerardo Garcia sold 10,000 shares of CATM stock on 08/24/2011 at the average price of 23.

Akorn Inc. (NASDAQ:AKRX): CFO Timothy A Dick Sold 28,469 Shares

CFO of Akorn Inc. (NASDAQ:AKRX) Timothy A Dick sold 28,469 shares on 08/23/2011 at an average price of $7.83. Akorn, Inc. manufactures and markets diagnostic and therapeutic pharmaceuticals in specialty areas such as ophthalmology, rheumatology, anesthesia and antidotes, among others. Akorn Inc. has a market cap of $732.8 million; its shares were traded at around $7.74 with a P/E ratio of 43 and P/S ratio of 8.5.

Akorn Inc. has reported its results for its second quarter 2011. During this quarter the company earned revenues of $32 million compared to $20 million prior year quarter. Net income grew to $18 million from a loss of $9.4 million last year.

CFO Timothy A Dick sold 28,469 shares of AKRX stock on 08/23/2011 at the average price of 7.83. Timothy A Dick owns at least 13,962 shares after this. The price of the stock has decreased by 1.15% since.

National Retail Properties (NYSE:NNN): EVP & CFO Kevin B Habicht Sold 24,602 Shares

EVP & CFO of National Retail Properties (NYSE:NNN) Kevin B Habicht sold 24,602 shares on 08/25/2011 at an average price of $25.46. National Retail Properties, Inc. a real estate investment trust, invests in high-quality, single-tenant retail properties generally subject to long-term, net leases with established tenants, such as Barnes & Noble, Best Buy, CVS, OfficeMax, and the United States of America. National Retail Properties has a market cap of $2.16 billion; its shares were traded at around $25.77 with a P/E ratio of 18.2 and P/S ratio of 9.4. The dividend yield of National Retail Properties stocks is 6%. National Retail Properties had an annual average earnings growth of 1.3% over the past 10 years.

For its second quarter 2011, National Retail Properties announced that it earned $62.5 million in revenues. This compares to $56.4 million prior year quarter. Net income for the company was $19.6 million compared to $19.5 million prior year quarter.

EVP & CFO Kevin B Habicht sold 24,602 shares of NNN stock on 08/25/2011 at the average price of 25.46. Kevin B Habicht owns at least 239,228 shares after this. The price of the stock has increased by 1.22% since.

Fortinet Inc. (NASDAQ:FTNT): VP & CFO Kenneth A Goldman Sold 22,000 Shares

VP & CFO of Fortinet Inc. (NASDAQ:FTNT) Kenneth A Goldman sold 22,000 shares on 08/22/2011 at an average price of $17.69. Fortinet, Inc., headquartered in Sunnyvale, California, is a provider of network security appliances and Unified Threat Management network security solutions to enterprises, service providers and government entities worldwide. Fortinet Inc. has a market cap of $3.18 billion; its shares were traded at around $18.61 with a P/E ratio of 57.2 and P/S ratio of 9.8.

Fortinet Inc. recently released its second quarter 2011 results. During this quarter the company reported revenues of $103 million, which is up 35% from prior year quarter. GAAP was $14.5 million, which was up 111% over last year.

President & CEO, 10% Owner Ken Xie sold 60,000 shares of FTNT stock on 08/02/2011 at the average price of 20.62. VP & CFO Kenneth A Goldman sold 22,000 shares of FTNT stock on 08/22/2011 at the average price of 17.69. The price of the stock has increased by 5.2% since. VP & General Counsel John Whittle and VP, Engineering & CTO Michael Xie both sold shares of FTNT stock as well.

For the complete list of stocks that Sold by their CFOs, go to: Insider Buys.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Rating: 1.7/5 (7 votes)

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